After commencement of actual development of the software, significant changes that may have occurred in availability of staff and their costs becomes a challenge.
And Eff Factor will be the right solution with its flexible budgeting feature and reporting of cost & billable amount on on-going basis. Feature of easy to add task makes it more relevant to IT field where scope of the work may change frequently over a period of time.
Eff factor is ideal for-
- Determining product development cost (with estimate of revenue(or billable amount) that it should fetch)
- AMC contracts where price is fixed in advance.
- Man and material contract by treating machine etc. as a resource like other employees.
- Changes in cost & billing rates from with desk to without desk and vice-a-versa.
(Please refer to Ideal Solution for other professionals/businesses also)